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the first presidential debate one day away. this is the romney pre-game show. will mitt romney be held accountable for lies and distortions about president obama's record? we got a sneak preview of what happens when mitt romney is forced to tell the truth. a fox affiliate here in denver asked romney to explain what paul ryan could not, how he plans to pay for $5 trillion tax cut by only eliminating deductions. >> there's an option. you could say everybody is going to get up to a deduction and you could use your home mortgage deduction or others, health care deduction and fill that bucket, if you will, the $17,000 bucket that way and higher income people might have a lower number. >> at least the plan has a name. it's the bucket plan. mitt romney will cap deductions at $17,000 for all americans. is that good for the middle class? do the math. for rich americans, the cap, it just might be lower than that. he was very vague on that point as well. the big problem with romney's bucket plan besides being hilarious is it would only cover $1 to $2 trillion of the $5 tr
the first presidential debate one day away. this is the romney pre-game show. will mitt romney be held accountable for lies and distortions about president obama's record? we got a sneak preview of what happens when mitt romney is forced to tell the truth. a fox affiliate here in denver asked romney to explain what paul ryan could not, how he plans to pay for $5 trillion tax cut by only eliminating deductions. >> there's an option. you could say everybody is going to get up to a deduction...
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how was it debating romney? was he cut and slash? what's he like and what can you tell us about tonight? >> number one, governor romney will be the most prepared person on that stage. secondly, he will have the deepest depth of knowledge on that stage. i know that firsthand from going up against him. and here's the other thing i don't think a lot of people are expecting. his likability will come through because he has gotten a bad rap about this likability factor. but he will be the most prepared. he will also have the most depth of knowledge and he will have every opportunity to back obama into a corner on all of the major issues. >> let me ask you on that, backing him into a corner. romney had some spectacular debates, not all of them. but in florida he took newt gingrich out. newt gingrich no slouch at debating or intellect for that matter. and then later on he took out rick santorum. it's like he had a machete in his hand and he knocked these guys down. is it possible he might do the same thing about president obama who is rusty,
how was it debating romney? was he cut and slash? what's he like and what can you tell us about tonight? >> number one, governor romney will be the most prepared person on that stage. secondly, he will have the deepest depth of knowledge on that stage. i know that firsthand from going up against him. and here's the other thing i don't think a lot of people are expecting. his likability will come through because he has gotten a bad rap about this likability factor. but he will be the most...
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consider bank of england, fomc, ecb, bank of japan and the romney debate coming up tonight. we have a lot of things going on the market held up quite well given all that. seems like everything is priced in. everything is status quo. we'll see. it could be a big game-changer especially tonight. >> larry shoafer at the cme. thanks, larry. lauren: let's go downtown to choke in with nicole petallides at the new york stock exchange. sherwin-williams hitting record highs once again today. >> that's right. it is a great stock to look at, hit a new record high this year. hear is the post for the trade. it was up almost 3% this year. this has been moving to the upside on the heels of the rise we've seen in existing home sales last month. that has given a boost to some of these housing-related stocks but sherwin-williams has been a great performer. year to date it is up almost 70%. some of the colors are lucky green, and gulf stream blue. as you know sherwin-williams can be for your home, for your car, for your boat and even your plane. lauren: nicole, if you only saw the colors on my
consider bank of england, fomc, ecb, bank of japan and the romney debate coming up tonight. we have a lot of things going on the market held up quite well given all that. seems like everything is priced in. everything is status quo. we'll see. it could be a big game-changer especially tonight. >> larry shoafer at the cme. thanks, larry. lauren: let's go downtown to choke in with nicole petallides at the new york stock exchange. sherwin-williams hitting record highs once again today....
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i also think mitt romney will bring this up in the debate. something that was spoken yesterday in charlotte, north carolina, by our dear friend joe biden. roll it. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class that's been buried the last four years, how in lord's name can they justify? >> god bless him. >> mark mckinnon -- i love him. mike, we love him. we love him! has anybody not told him, they've been in the white house for the past four years? buried? the middle class has been buried over the past four years. >> joe, i am being deadly earnest now, man. deadly earnest. okay? on how anybody -- how anybody can attempt to bury the vice president is beyond me. >> i'm not trying to bury him. i got a good laugh out of it. mark mckinnon, you think we may hear the middle cl
i also think mitt romney will bring this up in the debate. something that was spoken yesterday in charlotte, north carolina, by our dear friend joe biden. roll it. >> the romney/ryan tax plan will raise taxes on middle-class families with a child, one or more children, by an additional $2,000 a year. how -- all kidding aside, with all the boos, look, guys, this is deadly earnest, man. this is deadly earnest! how they can justify, how they can justify raising taxes on the middle class...
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president obama and republican candidate mitt romney face off in denver tonight for the first debate of the presidential campaign. on tuesday, vice-president joe biden drew ridicule from republicans after saying the middle-class has been buried the last four years. although biden was referring to the effects of the financial crisis that began under the bush administration, paul ryan seized on the remarks as an admission of failure. this is deadly earnest. how they can justify, how can they justify raising taxes on the middle class? the middle-class has been buried last four years. how, in lord's name, can they justify raising taxes? >> vice-president biden today said that the middle-class over the last of we or years has been buried. we agree. that means we need to stop digging, which means we have to collect mitt romney as president of the united states. >> meanwhile, paul ryan has appeared in videos online. in a speech delivered last november, he said 30% of americans want to live off the government. today, 70% of americans get more benefit from the federal government and a payback
president obama and republican candidate mitt romney face off in denver tonight for the first debate of the presidential campaign. on tuesday, vice-president joe biden drew ridicule from republicans after saying the middle-class has been buried the last four years. although biden was referring to the effects of the financial crisis that began under the bush administration, paul ryan seized on the remarks as an admission of failure. this is deadly earnest. how they can justify, how can they...
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i've talked to a lot of people and they say the entire debate is about romney. romney needs to play to win. while president obama needs to play not to lose. as long as he can keep him on defense, which he can. the facts are on romney's side. i talked to a senior advisor and just saw the candidate, he is calm and in great spirits ready to go. >> bob: that is what they always say before debates. if you abandon your own vice president medicare proposals? >> dana: they answered that. >> bob: how so? >> andrea: i don't think he will let himself get trapped in the details, bob. he will take it to the president. the facts are on his side. all he has to do is bring up the promises that president obama made. all the promises that he hasn't kept. boston you want to be president, you have to come up with details, too. >> what about skating through on promising to bring down the deficit? he hasn't. he incressed by $45 trillion. what about promising to bring down unemployment? president obama will spend 90 minutes tonight from 9:00 to 10:55 or whatever time talking about how
i've talked to a lot of people and they say the entire debate is about romney. romney needs to play to win. while president obama needs to play not to lose. as long as he can keep him on defense, which he can. the facts are on romney's side. i talked to a senior advisor and just saw the candidate, he is calm and in great spirits ready to go. >> bob: that is what they always say before debates. if you abandon your own vice president medicare proposals? >> dana: they answered that....
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lead into the debate. and despite what we found in the nbc poll, 4 in 10 americans are interested in the debates, but 60% are going to watch. tracie potts, nbc news. >> you can watch the debate at 6:00 here on the nbc bay area. >>> and meg whitman says turning hp around will take longer than expected. does she have time, scott? >> she will. the board will give her the time she needs despite she gave us bad news. whitman seen here in file video at the analyst meeting and said the turn around would take at least until the year 2014 or 2015. the company lowering its financial forecasts as well. in the case of enterprise services, that is where it deal was businesses, business may be off 13% and it will cut the number of printers it makes. something that apple does all the time. shares in hp are down 11% this morning. we care because this is a big company in silicon valley. >>> thanks, scott. there will be tons of action on the san francisco waterfront this week. it is the start of fleet week, but today also m
lead into the debate. and despite what we found in the nbc poll, 4 in 10 americans are interested in the debates, but 60% are going to watch. tracie potts, nbc news. >> you can watch the debate at 6:00 here on the nbc bay area. >>> and meg whitman says turning hp around will take longer than expected. does she have time, scott? >> she will. the board will give her the time she needs despite she gave us bad news. whitman seen here in file video at the analyst meeting and...
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i think romney's very good in these debate settings carrying out prescripted attacks. sticking to the script, he can be very effective. >> who can't? you're reading somebody else's script. who can't be? >> there's a common trait among people who have run against mitt romney, democrat and republican. >> they don't like him. >> they don't like him. mccain, by all indications, obama. >> that's why mccain picked hallen, he couldn't stand romney. >> if romney is good at carrying out these attacks, and obama brilss at his criticism, is it easy for romney to get under his skin? obama said to hillary clinton, you're likeable enough, hillary. >> was that smugness or -- he did it spontaneously. i agree, it was terrible. >> can romney knock him off his game by getting under his skin. >> what would drive obama crazy? >> these broad stroke indictments of the last four years -- >> bob, it's something truly serious tonight, it could get ugly. we're hearing all this stuff leaking from the romney camp how he's going to hit him on dishonesty. i don't know how somebody stands on a platfo
i think romney's very good in these debate settings carrying out prescripted attacks. sticking to the script, he can be very effective. >> who can't? you're reading somebody else's script. who can't be? >> there's a common trait among people who have run against mitt romney, democrat and republican. >> they don't like him. >> they don't like him. mccain, by all indications, obama. >> that's why mccain picked hallen, he couldn't stand romney. >> if romney is...
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governor romney, he is a good debater. i'm just okay. >> bob: welcome back. my name is bob beckel, i'm a member of "the five." and i wanted to just say how much a chance for me to talk to you. i appreciate it. now, debates. the debates are coming up. first big debate is tomorrow night. andrea is flying out to denver tonight to see and cover that for us. and you know, debates, having been through a through of these myself at presidential level, they're important events. sometimes overly stated but nonetheless they do matter and they shape people's thinking about a campaign and a race. let's take a look at one with a particular impact in the 1980 presidential campaign. >> governor reagan again, typically is against such a proposal. >> governor? >> there you go again. >> bob: i tell you, what was important about that was reagan was saying that carter had been misstating everything he said during the campaign taped he said there you go again. it brought it in to focus that reagan was the kind of guy being put upon. that was the idea there. but it stuck. it lasted
governor romney, he is a good debater. i'm just okay. >> bob: welcome back. my name is bob beckel, i'm a member of "the five." and i wanted to just say how much a chance for me to talk to you. i appreciate it. now, debates. the debates are coming up. first big debate is tomorrow night. andrea is flying out to denver tonight to see and cover that for us. and you know, debates, having been through a through of these myself at presidential level, they're important events. sometimes...
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>>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not talking a year out. talking a couple years out, i believe you're going to see the underwriting standard
>>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it....
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the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-800-345-2550 and economist intelligence unit. tdd#:
the first presidential debate between governor romney and president obama. it gets underway here on cnbc at 8:00 p.m. eastern time. stay tuned. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm...
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our new nbc poll shows romney has momentum ahead of tonight's debate. he is just three points behind the president with likely voters nationwide. coming up, a live report from denver with a look at the specific advice that both candidates are getting from their campaign coaches. you can watch the debate right here at 6:00. that's right after "nightly news." and we'll have a wrap-up at 11:00. >>> it is 6:10 right now. brace yourself. the new plan that could penalize you if you don't keep your private stuff private. >>> plus, turning linai into a little laboratory. we'll tell you what a bay area billionaire plans to do with the hawaiian island he now owns. >>> plus, the job status. a look at how america is doing in the economy ahead of those debates coming up. >>> we'll take you live back here to san francisco to show you what goes on overnight while you're sleeping to make sure these a.c. 45s are ready for racing for this week's america's cup world series. that story coming up. [ boy ] with box tops for education, you can now earn even more cash for your
our new nbc poll shows romney has momentum ahead of tonight's debate. he is just three points behind the president with likely voters nationwide. coming up, a live report from denver with a look at the specific advice that both candidates are getting from their campaign coaches. you can watch the debate right here at 6:00. that's right after "nightly news." and we'll have a wrap-up at 11:00. >>> it is 6:10 right now. brace yourself. the new plan that could penalize you if you...
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mitt romney is releasing a new ad ahead of the presidential debates. as we talked about earlier this debate will center around the economy and this is an obvious appeal to the middle class. >> more americans live in poverty than when president obama took office. we should measure our compassion by how many of our fellow americans are able to get good-paying jobs. not by how many are on welfare. >> according to romney, 47% of americans are on welfare or dependent on the government. he has taken criticism since that video was leaked. bullpen paul ryan is saying that was inaccurate. ryan might not agree on the number romney used, but disagree on the principle. a video from november of last year, ryan is saying 70% of people want the american dream but 30% just want a welfare state. >> the obama camp is crying foul to a video newly posted of obama in 2007 talking to a black crowd about the bush administration's failed response to hurricane katrina. republicans are highly critical saying it shows the president appealing to racial solidarity. they are toutin
mitt romney is releasing a new ad ahead of the presidential debates. as we talked about earlier this debate will center around the economy and this is an obvious appeal to the middle class. >> more americans live in poverty than when president obama took office. we should measure our compassion by how many of our fellow americans are able to get good-paying jobs. not by how many are on welfare. >> according to romney, 47% of americans are on welfare or dependent on the government....
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tomorrow night, i live debate coverage because of the previous 7:00 eastern. jim lehrer moderates the debates and after the debate from your calls, e-mails and treats. our live coverage on c-span, c-span radio and online at c-span.org. >> coming up next, ed miliband a)i"aa! house, senate last author book review speeches and most kinds of things. if i know a bill is coming up on the floor in the house, i watch, you know, which generally want to see because i have them all. if there is a very speech i know that she was covered only book review, i'm going to watch that. when i want to find out somethingit has some value to it, that is going to be one of the places i look. i'm obviously a public broadcasting fan. i watch those. out of a couple hundred channels, i probably have five to 10 at the most, but it's going to include other c-span channels. [applause] >> at the british labour party's autumn conference, ed miliband contrasted this party with those at the conservative liberal democrat coalition. he highlighted policy differences on the national health servic
tomorrow night, i live debate coverage because of the previous 7:00 eastern. jim lehrer moderates the debates and after the debate from your calls, e-mails and treats. our live coverage on c-span, c-span radio and online at c-span.org. >> coming up next, ed miliband a)i"aa! house, senate last author book review speeches and most kinds of things. if i know a bill is coming up on the floor in the house, i watch, you know, which generally want to see because i have them all. if there is...
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romney took a break with his debate partner, senator rob portman, to get lunch at a chipotle in denver today. chipotle is pretty good. while obama stepped out of debate camp in nevada to visit the hoover dam. that's neat too. with as many as 60 million americans expected to watch, both camps keep expectations low. it's a big game to say i'm going to do worse than you. romney senior adviser barbara comstock is in denver and jen psaki, press secretary for the obama campaign is in las vegas with the president. good to see both of you. nice big smiles. i love this optimism. we're all excited about tomorrow. barbara, let me start with you. there was something politico's chief political columnist wrote today that sort of made me smile and i wanted to get your reaction. roger simons wrote, there are three things mitt romney must do to win the presidential debate on wednesday. unfortunately, nobody knows what they are. do you know what they are? >> well, i think it's going to be talking to the american people about how the middle class has been buried under the higher taxes, the higher regulat
romney took a break with his debate partner, senator rob portman, to get lunch at a chipotle in denver today. chipotle is pretty good. while obama stepped out of debate camp in nevada to visit the hoover dam. that's neat too. with as many as 60 million americans expected to watch, both camps keep expectations low. it's a big game to say i'm going to do worse than you. romney senior adviser barbara comstock is in denver and jen psaki, press secretary for the obama campaign is in las vegas with...
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squaring off in the first of three presidential debates. there's been a lot of talk that the market is already pricing in an obama re-election. in fact, in trade showing betters placing a 70% chance on an obama re-election. but some new polls suggest romney is closing the gap. so what happens to the markets and your money if mitt romney pulls ahead or wins? joining us, art, is a romney win bad for stocks? art, we're going to get your mike running. is a romney win bad for stocks? >> i think a romney win is great for stocks. at least the psychology will be two things. first, first cal conservati first, fiscal conservative coming in 2013 to help with growth prosper. second thing, who's going to handle the fiscal cliff the fastest. i think if things remain the same, the fiscal cliff will take a lot longer to fix. we'll have to drive off the cliff and step back from it some time next year. two levels of stock appreciation will be assumption that you get better growth in the economy and the fiscal cliff gets fixed quicker. >> that's a very good p
squaring off in the first of three presidential debates. there's been a lot of talk that the market is already pricing in an obama re-election. in fact, in trade showing betters placing a 70% chance on an obama re-election. but some new polls suggest romney is closing the gap. so what happens to the markets and your money if mitt romney pulls ahead or wins? joining us, art, is a romney win bad for stocks? art, we're going to get your mike running. is a romney win bad for stocks? >> i...
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romney and i think it's a very winnable debate for him tonight. the mainstream media has painted him as inept and gaffe-prone, and that is simply not the case. i think the expectations are so low for romney tonight that when he can't be edited or taken out of context, i think it's a very winnable debate. >> if you go back in every election, the republicans are always painted -- but by definition, they are kind of stupid and gaffe-prone. they're republicans. why can't you figure that out? look at the views according to mainstream media. look at the views that they hold. by definition, they are stupid. >> i think if romney -- >> we painted john kerry as stupid. we painted al gore as goofy. >> al gore was honing his skills at harvard. george bush was cheerleading at yale and he had a higher gpa. barack obama just admitted, i was a crappy student. but we'll never know. by definition. and look at you. look how smart you are compared to me. "new york times," too big to fail, all that stuff. anyway, mike -- >> what i think romney needs to do -- >> we've
romney and i think it's a very winnable debate for him tonight. the mainstream media has painted him as inept and gaffe-prone, and that is simply not the case. i think the expectations are so low for romney tonight that when he can't be edited or taken out of context, i think it's a very winnable debate. >> if you go back in every election, the republicans are always painted -- but by definition, they are kind of stupid and gaffe-prone. they're republicans. why can't you figure that out?...
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debates. you can catch it all right here live on cnbc beginning at 8:00 p.m. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's down from a five-point margin a couple weeks ago. he's 9/11 florieven in florida,. he still trails in ohio by five points. that's a big problem. he needs to win the state of ohio. that just shows he has an opportunity tonight. three other big economic issues they're going to be talking about, first of all, on taxes. mitt romney hasosed a 20% across the board rate cut for individuals, but he hasn't specified how he's going to pay for that without increasing the deficit or increasing the burden on middle and lo
debates. you can catch it all right here live on cnbc beginning at 8:00 p.m. eastern. i'll be hosting the pre and post coverage along with carl quintanilla. of course, john harwood will also be with us. he's live on the ground in denver. he's here with a preview. over to you, john. >> hey, maria. it's important to remember this election isn't over. if you look at the new polls that we came out with last night and this morning, mitt romney's only trailing by three points nationally. that's...
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big debate between the president and his republican challenger, mitt romney. it wasn't that long ago that rick perry was one of the challengers for the republican nomination for president. i asked him what he thinks romney is going to do tonight and how he is going to do in tonight's debate. >> this president has to defend the debt that's being created and i think governor romney's going to do a very good job of one of growth, of one of allowing the states to be more engaged in policies. >> reporter: so, of course, he thinks romney is going to do good tonight. is he partisan, no doubt about that. we'll see how it plays out. >> david, i understand that you're still going to talk to kyle bass in a few minutes. what is top of questions in your mind? >> kyle is a big macro thinker. he also runs a hedge fund that makes stock picks like everybody else. we're also going to talk about, first off, the growing debt world we're going to talk about that and might talk about stock runs in about ten minutes from now. >> all right. thank you very much, david faber. >> "the w
big debate between the president and his republican challenger, mitt romney. it wasn't that long ago that rick perry was one of the challengers for the republican nomination for president. i asked him what he thinks romney is going to do tonight and how he is going to do in tonight's debate. >> this president has to defend the debt that's being created and i think governor romney's going to do a very good job of one of growth, of one of allowing the states to be more engaged in policies....
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mitt romney has said in one of the debates in his ideal future system, this super pacs would emerge, but there it be immediate disclosure so that people would know and be able to judge and track any concerns about corruption. my guess is that asserted the next place to go. nsh, the fpc is a particularly dysfunctional body. you know, there is really no good for is that we've had for a while, and also the disclosure mechanisms that they are improving someone to remain far behind what is possible today. it should be the case that as soon as they are cashing the check, there is no reason that many can't show up in a database is supposed to online for any group spending money and influence peers about be my guess of where you go next. the other political ring that will happen here is whatever the outcome of the election, democrats tend to make this a populist appeal. they intend to use part of the democratic narrative for years. we will help the working guy. i think obama signaling in the interview i have read that he would -- that he would pursue a constant commitment. basically he's say
mitt romney has said in one of the debates in his ideal future system, this super pacs would emerge, but there it be immediate disclosure so that people would know and be able to judge and track any concerns about corruption. my guess is that asserted the next place to go. nsh, the fpc is a particularly dysfunctional body. you know, there is really no good for is that we've had for a while, and also the disclosure mechanisms that they are improving someone to remain far behind what is possible...